STAINLESS AND ALLOY (ABERDEEN) LIMITED

💤Zombieactive
SC145559 · ltd · incorporated 1993-07-21
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
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Turnover
—
year to Dec 2024
Net worth
£219.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 32.4y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 32.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £219,210
Net assets shrinking
Down £73,257 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£219k
↓ 25% YoY
Current Assets
£145k
↓ 21% YoY
Current Liabilities
—
£0£58k£117k£175k£234k£292kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£219.2k£292.5k
Current assets£144.8k£184.1k
Net assets£219.2k£292.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-06-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-06-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-08-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-06-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-07-25
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  10. 2017-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-05-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-09-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-07-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-07-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-05-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2005-07-21
    ➕
    MILNE, Brian James appointed
    secretary
  17. 2005-07-21
    ➖
    BANNERMAN, Claire Doreen resigned
    secretary
  18. 1999-11-01
    ➕
    BANNERMAN, Claire Doreen appointed
    secretary
  19. 1999-11-01
    ➖
    BEATON, Eric resigned
    secretary
  20. 1999-11-01
    ➖
    BEATON, Eric resigned
    director
  21. 1994-01-06
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  22. 1993-07-21
    🏢
    Company incorporated
    As STAINLESS AND ALLOY (ABERDEEN) LIMITED
  23. 1993-07-21
    ➕
    BANNERMAN, Donald Fergus appointed
    director
  24. 1993-07-21
    ➕
    BEATON, Eric appointed
    secretary
  25. 1993-07-21
    ➕
    BEATON, Eric appointed
    director

Owner dependency

93/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

95/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Donald Fergus Bannerman
Individual · British · DOB 06/1962 · age 64
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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——023y8370y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1993-07-21
Jurisdictionscotland
Primary SIC25990 — SIC 25990

Registered office

Unit 1 Crombie Road
Torry
Aberdeen
AB11 9QQ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-04
Last: 2025-07-21

Officers (2 active · 3 resigned)

MILNE, Brian James→
secretary · appointed 2005-07-21
View their other companies + combined net worth →
Active
BANNERMAN, Donald Fergus→
director · ~64y · appointed 1993-07-21
View their other companies + combined net worth →
Active
BANNERMAN, Claire Doreen→
secretary · appointed 1999-11-01 · resigned 2005-07-21
Resigned
BEATON, Eric→
secretary · appointed 1993-07-21 · resigned 1999-11-01
Resigned
BEATON, Eric→
director · ~68y · appointed 1993-07-21 · resigned 1999-11-01
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property06/01/1994—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-07-25